Fundamentals of Financial Management15th EditionBrigham Publisher: CENGAGE LISBN: 9780357307724
Fundamentals of Financial Management
Solutions for Fundamentals of Financial Management
Problem 2Q:
Explain whether the following statement is true or false: 100 a year for 10 years is an annuity; but...Problem 3Q:
If a firms earnings per share grew from 1 to 2 over a 10-year period, the total growth would be...Problem 6Q:
The present value of a perpetuity is equal to the payment on the annuity, PMT, divided by the...Problem 7Q:
Banks and other lenders are required to disclose a rate called the APR. What is this rate? Why did...Problem 1P:
FUTURE VALUE If you deposit 2,000 in a bank account that pays 6% interest annually, how much will be...Problem 3P:
FINDING THE REQUIRED INTEREST RATE Your parents will retire in 19 years. They currently have 350,000...Problem 4P:
TIME FOR A LUMP SUM TO DOUBLE If you deposit money today in an account that pays 4% annual interest,...Problem 5P:
TIME TO REACH A FINANCIAL GOAL You have 33,556.25 in a brokerage account, and you plan to deposit an...Problem 6P:
FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE Whats the future value of a 5%, 5-year ordinary annuity...Problem 7P:
PRESENT AND FUTURE VALUES OF A CASH FLOW STREAM An investment will pay 150 at the end of each of the...Problem 8P:
LOAN AMORTIZATION AND EAR You want to buy a car, and a local bank will lend you 40,000. The loan...Problem 11P:
GROWTH RATES Sawyear Corporations 2017 sales were 5 million. Its 2012 sales were 2.5 million. a. At...Problem 12P:
EFFECTIVE RATE OF INTEREST Find the interest rates earned on each of the following: a. You borrow...Problem 15P:
PRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities. Discounting occurs...Problem 17P:
EFFECTIVE INTEREST RATE You borrow 230,000; the annual loan payments are 20,430.31 for 30 years....Problem 19P:
FUTURE VALUE OF AN ANNUITY Your client is 26 years old. She wants to begin saving for retirement,...Problem 21P:
EVALUATING LUMP SUMS AND ANNUITIES Kristina just won the lottery, and she must choose among three...Problem 23P:
FUTURE VALUE FOR VARIOUS COMPOUNDING PERIODS Find the amount to which 500 will grow under each of...Problem 25P:
FUTURE VALUE OF AN ANNUITY Kind the future values of the following ordinary annuities: a. FV of 400...Problem 26P:
PV AND LOAN ELIGIBILITY You have saved 4,000 for a down payment on a new car. The largest monthly...Problem 27P:
EFFECTIVE VERSUS NOMINAL INTEREST RATES Bank A pays 2% interest compounded annually on deposits,...Problem 29P:
BUILDING CREDIT COST INTO PRICES Your firm sells for cash only, but it is thinking of offering...Problem 31P:
REQUIRED LUMP SUM PAYMENT Starting next year, you will need 5,000 annually for 4 years to complete...Problem 32P:
REACHING A FINANCIAL GOAL Six years from today you need 10,000. You plan to deposit 1,500 annually,...Problem 33P:
FV OF UNEVEN CASH FLOW You want to buy a house within 3 years, and you are currently saving for the...Problem 34P:
AMORTIZATION SCHEDULE a. Set up an amortization schedule for a 19,000 loan to be repaid in equal...Problem 36P:
NONANNUAL COMPOUNDING a. You plan to make five deposits of 1,000 each, one every 6 months, with the...Browse All Chapters of This Textbook
Chapter 1 - An Overview Of Financial ManagementChapter 2 - Financial Markets And InstitutionsChapter 3 - Financial Statements, Cash Flow, And TaxesChapter 4 - Analysis Of Financial StatementsChapter 5 - Time Value Of MoneyChapter 6 - Interest RatesChapter 7 - Bonds And Their ValuationChapter 8 - Risk And Rates Of ReturnChapter 9 - Stocks And Their ValuationChapter 9.A - Stock Market Equilibrium
Chapter 10 - The Cost Of CapitalChapter 11 - The Basics Of Capital BudgetingChapter 12 - Cash Flow Estimation And Risk AnalysisChapter 13 - Real Options And Other Topics In Capital BudgetingChapter 14 - Capital Structure And LeverageChapter 15 - Distributions To Shareholders:dividends And Share RepurchasesChapter 16 - Working Capital ManagementChapter 17 - Financial Planning And ForecastingChapter 18 - Derivatives And Risk ManagementChapter 18.A - Valuation Of Put OptionsChapter 19 - Multinational Financial ManagementChapter 20 - Hybrid Financing: Preferred Stock, Leasing, Warrants, And ConvertiblesChapter 21 - Mergers And Acquisitions
Book Details
With its innovative approach, cutting-edge learning tools, and powerful examples, Brigham/Houston s Fundamentals of Financial Management, has been a longtime favorite of students and instructors alike. Thoroughly revised and completely updated with the latest developments and emerging issues from the field, the exciting new 15th edition continues to propel learners toward their goals by equipping them with a focused understanding of today s corporate finance and financial management. A wealth of engaging examples and immersive, interactive activities give students plenty of hands-on experience applying what they learn to real-world practice.
Sample Solutions for this Textbook
We offer sample solutions for Fundamentals of Financial Management homework problems. See examples below:
Chapter 1, Problem 1QChapter 1, Problem 14QChapter 2, Problem 1QDirectly transfer of the stock and bonds to savers is one of the kinds to transfer of capital....Chapter 3, Problem 1QChapter 3, Problem 14PChapter 3, Problem 19SPCalculation of the effect on net income: The formula to calculate the effect on net income is as...Chapter 4, Problem 1Q
Chapter 4, Problem 15PChapter 4, Problem 24PChapter 4, Problem 25SPChapter 4, Problem 26ICThe opportunity cost is a very important factor in making financial and management decisions. The...Given, The annuity is $500 per year. The interest rate is 14% or 0.14. The numbers of years are 8...Chapter 5, Problem 15PCalculation of present value of cash flow stream at 7% compounding rate Contract 1 Contract 2...Calculation in spreadsheet by “FV” formula, Table (1) Steps required to calculate present value by...Time line is drawn representing lump sum cash flow, Fig 1The differences of the interest rates totally depend upon the demand or supply of the financial...Chapter 6, Problem 18PChapter 6, Problem 20SPProduction opportunities for a company are the main factor, which affects the cost of money as it...Chapter 7, Problem 1QChapter 7, Problem 19SPChapter 7, Problem 20ICThe portfolio is a combination or a set of investments in form of bonds, assets and cash...Chapter 8, Problem 12PChapter 8, Problem 19PChapter 8, Problem 20PThe Treasury-bills will not depend on the economic condition as the treasury bills must and will...Chapter 9, Problem 1QChapter 9, Problem 12PChapter 9, Problem 21PChapter 9, Problem 22SPThe shareholders have the right to control the decision with regards to the election of directors....The table to show the effect of given events: Scenarios Effect on Justification rd(1−T) rs WACCa....Chapter 10, Problem 21SPChapter 10, Problem 22ICChapter 11, Problem 1QChapter 11, Problem 7PChapter 11, Problem 23SPChapter 11, Problem 24ICChapter 12, Problem 1QChapter 12, Problem 9PChapter 12, Problem 12PChapter 12, Problem 19PChapter 13, Problem 1QChapter 13, Problem 10ICChapter 14, Problem 1QThe capital ratio at 0% and none interest rate. Compute the expected return on equity. State-1...Chapter 14, Problem 13PChapter 15, Problem 1QChapter 15, Problem 8PChapter 15, Problem 10SPChapter 16, Problem 1QChapter 16, Problem 1PThe payout ratio is a key factor of additional fund needed to know whether the company has enough...Chapter 17, Problem 8PThe seven reasons for risk management can increase the value of a firm are as follows: The risk...The reason why stockholders are indifferent to whether a firm decreases the cash flows ‘s volatility...Chapter 19, Problem 1QGiven information: Exchange rates of given currencies in term of the Country U dollars are as...Multinational Corporation is that corporation which operates their works into the foreign country...The reasons on whether the preferred stock be categorized as debt or equity and the reasons on...Chapter 20, Problem 13ICThe preferred stock differs from debt and common equity is as follows: Preferred stock can be termed...The significance of the four economic classifications of mergers on the likelihood of governmental...The reasons that are economically justifiable among tax considerations, control, synergy, risk...
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